Money and banking drive economic activity by facilitating transactions, savings, and investments. Banks manage financial resources, offer credit, and regulate money supply, ensuring stability and growth in Pakistan’s financial sector.
Category: Money & Banking
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SBP approves PIA Sukuk for SLR maintenance
KARACHI: The State Bank of Pakistan (SBP) on Monday approved Sukuk to be issued by Pakistan International Airlines Company Limited (PIACL) for the requirement of Statutory Liquidity Requirement (SLR). The SBP said that in terms of Government of Pakistan, Ministry of Finance notification S.R.O. 746(I)/2021 dated May 31, 2021, the privately placed Sukuk to be…
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SBP issues customers exchange rates for August 02
KARACHI: The State Bank of Pakistan (SBP) on Monday issued customers’ exchange rates. The exchange rate is on the basis of weighted average rates of commercial banks. The SBP said the data compiled and disseminated for information only. These exchange rates are estimates that quoted by various commercial banks to their clients. The banks provide…
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Pak Rupee to Saudi Riyal on August 2, 2021
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 2, 2021: Buying: Rs 43.00 to the Saudi Riyal Selling: Rs 43.50 to the Saudi Riyal We update rates hourly so we can offer you the best SAR to PKR. The…
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Pak Rupee to UAE Dirham on August 2, 2021
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 2, 2021: Buying: Rs 43.00 to the UAE Dirham Selling: Rs 43.50 to the UAE Dirham We update rates hourly so we can offer you the best AED to PKR. The…
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Pak Rupee to Euro on August 2, 2021
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 2, 2021: Buying: Rs 187.50 to the Euro Selling: Rs 189.50 to the Euro We update rates hourly so we can offer you the best EUR to PKR. The Euro /PKR parity…
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Pak Rupee to UK Pound on August 2, 2021
KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on August 2, 2021: Buying: Rs 222 to the UK Pound Sterling Selling: Rs 225 to the UK Pound Sterling We update rates hourly so we can offer you the best GBP…
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Pak Rupee to US Dollar on August 2, 2021
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 2, 2021: Buying: Rs 161.30 to the Dollar Selling: Rs 162.30 to the Dollar We update rates hourly so we can offer you the best USD to PKR. The US Dollar…
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Rupee falls to 163.05 against dollar in interbank
KARACHI: The Pak Rupee sharply fell to Rs163.05 against the dollar during midday trade in interbank foreign exchange market on Monday. The rupee fell by 62 paisas against the dollar in intraday trade. The import payment demand deteriorated the rupee value. Currency experts said that higher dollar demand was as the market opened after two…
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Tax expenditures against transfer of participatory reserve
Section 31 of Income Tax Ordinance, 2001 has allowed transfer of participatory reserve on certain circumstances. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. 31. Transfer to participatory reserve.—(1) Subject to this section, a company shall be allowed…
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Pak Rupee to Saudi Riyal on August 1, 2021
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 1, 2021: Buying: Rs 43.00 to the Saudi Riyal Selling: Rs 43.50 to the Saudi Riyal We update rates hourly so we can offer you the best SAR to PKR. The…
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